Concerning Lender. The recitals of fact herein shall be taken as statements of Pledgor for which ▇▇▇▇▇▇ assumes no responsibility. Lender makes no representation to anyone as to the value of the Pledged Collateral or any part thereof or as to the validity or adequacy of the security afforded or intended to be afforded thereby or as to the validity of this Agreement. Lender shall be protected in relying upon any notice, consent, request or other paper or document believed by it to be genuine and correct and to have been signed by a proper person. The permissive rights of ▇▇▇▇▇▇ hereunder shall not be construed as duties of ▇▇▇▇▇▇. Lender shall be under no obligation to take any action toward the enforcement of this Agreement or rights or remedies in respect of any of the Pledged Collateral. Lender shall not be personally liable for any action taken or omitted by it in good faith and reasonably believed by it to be within the power or discretion conferred upon it by this Agreement.
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Sources: Loan and Security Agreement
Concerning Lender. The recitals of fact herein shall be taken as statements of Pledgor Pledgors for which ▇▇▇▇▇▇ Lender assumes no responsibility. Lender makes no representation to anyone as to the value of the Pledged Collateral or any part thereof or as to the validity or adequacy of the security afforded or intended to be afforded thereby or as to the validity of this Agreement. Lender shall be protected in relying upon any notice, consent, request or other paper or document believed by it to be genuine and correct and to have been signed by a proper person. The permissive rights of ▇▇▇▇▇▇ Lender hereunder shall not be construed as duties of ▇▇▇▇▇▇Lender. Lender shall be under no obligation to take any action toward the enforcement of this Agreement or rights or remedies in respect of any of the Pledged Collateral. Lender shall not be personally liable for any action taken or omitted by it in good faith and reasonably believed by it to be within the power or discretion conferred upon it by this Agreement.
Appears in 1 contract